The third quarter of this year marked a milestone for Ethereum (ETH), which demonstrated an impressive growth of over 80%. This achievement makes it the third strongest third-quarter performance in its history.
Record-Setting Third Quarter Data
According to data from CoinGlass, Ethereum significantly surpassed Bitcoin, which only showed a 10% increase during the same period. Analyzing the current market status, it is evident that while Bitcoin has limited growth, ETH is confidently growing past 80%.
Best and Weakest Third Quarters for Ethereum
Historically, Ethereum's best third quarter was recorded in 2017, when the asset surged by 518% due to the ICO boom and the increase in ERC-20 token issuance. Conversely, the weakest third quarter occurred in 2018, when Ethereum lost 49% of its value amidst a broad market downturn.
Conclusions on Current Ethereum Position
In this quarter, Ethereum has reached significant heights, illustrating its evolution in the market. Given ETH's market capitalization of 539 billion dollars, further sharp jumps are deemed less likely. However, the current growth demonstrates a positive trend for communities investing in Ethereum.
Thus, Ethereum finished the quarter with over an 80% rise, reaffirming its strength and relevance in the cryptocurrency market, especially compared to Bitcoin.
